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On Vijayadashami, PM Modi to inaugurate seven new defence companies today: Here's all you need to know

07:41 AM Oct 15, 2021 | FPJ Web Desk

Prime Minister Narendra Modi will dedicate the seven new defence companies to the nation on the auspicious occasion of Vijayadashami today.

He will deliver a video address at an event organised by the Defence Ministry. Defence Minister Rajnath Singh and representatives from the Defence industry associations will be present on the occasion.

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Taking to Twitter, PM Modi on Thursday said: "On the special occasion of Vijaya Dashami tomorrow, 15th October, seven new defence companies would be dedicated to the nation. This is a part of our efforts to modernise the defence sector and create an Aatmanirbhar Bharat."

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Here's all you need to know about 7 New Defence companies:

According to a release by the Prime Minister's Office, the Government has decided to convert Ordnance Factory Board from a Government Department into seven 100 per cent government-owned corporate entities, as a measure to improve self-reliance in the defence preparedness of the country. This move will bring about enhanced functional autonomy, efficiency and will unleash new growth potential and innovation, it said in a statement.

The seven new Defence companies that have been incorporated are: Munitions India Limited (MIL); Armoured Vehicles Nigam Limited (AVANI); Advanced Weapons and Equipment India Limited (AWE India); Troop Comforts Limited (TCL); Yantra India Limited (YIL); India Optel Limited (IOL); and Gliders India Limited (GIL).

Also Read: Watch video: Earlier 'work in progress' boards everywhere, but we changed it, says PM Modi at launch of PM GatiShakti scheme

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